Tesla CEO Elon Musk announced plans to release a new Full Self-Driving model with 10x more parameters and improved video compression by September, boosting TSLA stock. The advancement could lead to increased autonomous capabilities and new revenue streams like robotaxi services. Despite declining sales, famed investor Jim Cramer remains bullish on Tesla’s tech future.

While Tesla’s stock is up 40% from its April low, concerns about the company’s high forward price-earnings ratio of over 250x and continued sales decline in the UK and Germany are keeping Wall Street analysts cautious. The consensus rating on TSLA shares remains at “Hold” with a mean target price indicating potential downside of over 5% from current levels. Investors eagerly anticipate Tesla’s transition into a tech company for future growth.

Read more at Yahoo Finance: Dear Tesla Stock Fans, the Next Big TSLA Catalyst Could Be Coming in September